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Dec 7, 2013
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work still needs to be done to create more jobs to get the economy on the right track. that is a sentiment shared by the united states secretary tom perez who spoke to me right as the new figures came out today. >> when you look at the broadest measures of unemployment, we have a measure that looks at not only folks who are out of work, but folks who are discouraged. folks who are marc marginally attached to the employment rate. that is--that is good news. >> good news, he said. anand a combined 45,000 jobs, a quarter of all jobs created in november, those positions typically pay $26 an hour. but before we get too excite excited, nearly one in five of the jobs created last month came from the relatively low-wage sector of retail and leisure. that speaks to a big problem in that recovery. the quality of the jobs being created is not as good as many of the middle class jobs that were destroyed during the recession. we have that story. >> reporter: it's been a job recovery built on part timers, waiters, waitresses and others jobs that don't really pay much. most of the gro
work still needs to be done to create more jobs to get the economy on the right track. that is a sentiment shared by the united states secretary tom perez who spoke to me right as the new figures came out today. >> when you look at the broadest measures of unemployment, we have a measure that looks at not only folks who are out of work, but folks who are discouraged. folks who are marc marginally attached to the employment rate. that is--that is good news. >> good news, he said....
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Dec 5, 2013
12/13
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blame it on a new bach of positive reports on jobs, housing and the upbeat survey on the economy. the take away for investors, the fed will taper back stimulus plans and that might not be good for the markets. all this comes just two days before the release of the monthly jobs report. a key data point for central bank policy makers. it's no wonder stock averages between gains and losses and finally ending mostly in the red for the day. the dow lost 25 but down as much as 125 earlier in the day and the nasdaq edged up a fraction and s&p fell two points. the same concerns about the fed's next move sent the yield on the benchmark treasury note above 2.8%, the highest since september. >> how does the federal reserve see the economy right now as it prepares for the next policy meeting next month? steve liesman looks at the beige book survey and what that, along with this friday's november jobs report, could mean for the future of its stimulus program. >> reporter: some strong employment data today raising prospects for better job growth and less stimulus. adp in a much followed monthly
blame it on a new bach of positive reports on jobs, housing and the upbeat survey on the economy. the take away for investors, the fed will taper back stimulus plans and that might not be good for the markets. all this comes just two days before the release of the monthly jobs report. a key data point for central bank policy makers. it's no wonder stock averages between gains and losses and finally ending mostly in the red for the day. the dow lost 25 but down as much as 125 earlier in the day...
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doing so wouldn't just save seniors from an uncertain retirement would also jumpstart the economy by allowing baby boomers to retire early we could open their jobs to young people struggling to start their careers at the same time we would tighten the labor market so that wages would actually rise in turn stimulating the economy and as wages rose so too would tax revenues there were that ten to twenty percent benefit increase would pay for itself and reduce the deficit so ignore all the so-called moderate talking points the solution to our retirement crisis is clear we just need to take a little bit of warren's proposal to expand social security and crank it up a few notches but not everyone wants to help seniors and rebuild the economy i'm joined now by but jack burkman g.o.p. strategist and host of behind the curtain jack what with it's a great pleasure to be with you so what is so what's it what's the republican alternative to social security well there's a word for what you're describing with retirement age at age fifty five it's called france it's called italy it's called german
doing so wouldn't just save seniors from an uncertain retirement would also jumpstart the economy by allowing baby boomers to retire early we could open their jobs to young people struggling to start their careers at the same time we would tighten the labor market so that wages would actually rise in turn stimulating the economy and as wages rose so too would tax revenues there were that ten to twenty percent benefit increase would pay for itself and reduce the deficit so ignore all the...
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Dec 5, 2013
12/13
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the constraint holds our economy back. it seemed like charlie brown and the football, but our reporters tell us that there is going to be a budget deal this time. [laughter] ryan, patty murray -- they are going to reach some sort of small deal so that reporters and lawmakers in budget directors are not working on new year's eve again. have you been briefed on the murray-ryan conversations? we submit a budget and then they act -- and then congress acts on it. we are excited and happy to be at this point. we are supportive of the process. what the administration can best do to get the ball over the line is be supportive of the process. the supportive of the effort that ms. mari and mr. ryan are doing -- mr. murray -- ms. mu rray and mr. ryan are doing. that is what we're doing. the entire process began before i came back to the office of management and budget. being specifics are worked out. it is pretty clear the gist of this deal. we're going to set some spending so we can have regular order, to change some of the sequeste
the constraint holds our economy back. it seemed like charlie brown and the football, but our reporters tell us that there is going to be a budget deal this time. [laughter] ryan, patty murray -- they are going to reach some sort of small deal so that reporters and lawmakers in budget directors are not working on new year's eve again. have you been briefed on the murray-ryan conversations? we submit a budget and then they act -- and then congress acts on it. we are excited and happy to be at...
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Dec 6, 2013
12/13
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FOXNEWSW
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today over 2.9%. >> normally that happens when the economy is picking up. >> it means the economy is getting a little bit better and we're gifting a little closer to taper. we can argue whether that's december or march as to when the federal reserve board starts to slow down the program but we're getting closer. what the market is saying, you know, i think we can absorb this, and that's good news. that would mean the market is returning to normalcy, and the economy will have a good impact on the market. stocks will celebrate better jobs and a better economy instead of only reacting to the federal reserve board. and this could be a game-changer for the market for a while. as long as interest rates don't go up too far, too fast, i think we can get back to good news being good news, and that's the kind of market i like to see. >> charles, we should get the note to nancy pelosi because she is talking up the need for extending jobless benefits and all of that in the face of more jobs. i think watching her focus on the jobs and don't have to worry about the benefits. >> as we get more and
today over 2.9%. >> normally that happens when the economy is picking up. >> it means the economy is getting a little bit better and we're gifting a little closer to taper. we can argue whether that's december or march as to when the federal reserve board starts to slow down the program but we're getting closer. what the market is saying, you know, i think we can absorb this, and that's good news. that would mean the market is returning to normalcy, and the economy will have a good...
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Dec 2, 2013
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but when we talk about an open economy, a bottom-up economy, those are our principles. and the world they live in, open things is better than closed things. bottom-up is better than top- down. to connect in their world -- obamacare didn't fail because, hey, they just didn't happen to do this right. it failed because of the same reason that other stuff fail. it is old. it is top-down. it is factory. our principles are always fresh and new ideas if we just become about them in ways that say, hey, our principles are good for more than just saying no. we have a way to better organize society, solve problems, open school system, where parents get to actually choose the best school for their kids and you go get trapped in a failing school. an open health care system. an opened economy where you don't have political top-down decisions. those are the kind of things that will work better for you. >> i want you to join in with what we are talking about here and the positive message and the constructive way forward to but also, if you can talk about the energy revolution. so many
but when we talk about an open economy, a bottom-up economy, those are our principles. and the world they live in, open things is better than closed things. bottom-up is better than top- down. to connect in their world -- obamacare didn't fail because, hey, they just didn't happen to do this right. it failed because of the same reason that other stuff fail. it is old. it is top-down. it is factory. our principles are always fresh and new ideas if we just become about them in ways that say, hey,...
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is spending cuts to deal with their ailing economy there is no recovery in sight nor will there be for quite some time greece and to protest too but assign it to stick with brussels persist with austerity price and cannot be directly compared because of course of the size of the economies and indeed the population as well go i said with three hundred twenty thousand greece with eleven point three million people process although foreign debt in iceland was six times higher than g.d.p. during the crash greece however after four years of austerity measures designed to reduce greece's public debt has instead continued to grow to one hundred seventy five percent of g.d.p. and the biggest difference of all of course greece has the euro iceland has the freedom of their own currency. well i spoke to professor of binary economics rodney shakespeare who believes in iceland is setting a remarkable example you must rely on your own national bank for your own uses for your own real economy and for the spreading and if you don't do that you'll be trapped into debt in the same way that what you got g
is spending cuts to deal with their ailing economy there is no recovery in sight nor will there be for quite some time greece and to protest too but assign it to stick with brussels persist with austerity price and cannot be directly compared because of course of the size of the economies and indeed the population as well go i said with three hundred twenty thousand greece with eleven point three million people process although foreign debt in iceland was six times higher than g.d.p. during the...
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Dec 7, 2013
12/13
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the economy is only growing about 2%. we still have a huge jobs gap to where the number of jobs we should have if we would have had a normal recovery and why would we want to make it more expensive to hire the very people, low-skilled people, young people, who have the highest unemployment rates. listen, if you have a college degree or graduate degree, listen, that unemployment rate is about 3.5%. if you have a high school degree, it's like a depression. >> people are lucky to have a job particularly at the lower end. gives them a start. get on the bottom rung of the ladder and if they work at it, get their discipline they can climb the ladder of success that's the american way. if you start raising the price of labor as -- the minimum wage and i'll include unemployment insurance, then you're kind of gumming up the whole works. >> there's the argument against it. but the argument for it, unlike 20 years ago when most minimum wage workers were teenagers, most today are bringing home more than half of their family income. t
the economy is only growing about 2%. we still have a huge jobs gap to where the number of jobs we should have if we would have had a normal recovery and why would we want to make it more expensive to hire the very people, low-skilled people, young people, who have the highest unemployment rates. listen, if you have a college degree or graduate degree, listen, that unemployment rate is about 3.5%. if you have a high school degree, it's like a depression. >> people are lucky to have a job...
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Dec 5, 2013
12/13
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because is the economy dependent going? >> i think the economy would be a lot better if the president would get out of the way and stop trying to help because what he proposes of policies are the problem and i am not basing it on a partisan point because bush got us in with big government. obama is digging us in deeper. why is the media not paying attention? he is giving the same speech, more government, higher taxes, more intervention, more regulation. i guess we ought to have automatic french translation policy. >> dan mitchell and david k. johnson, appreciate you joining us to talk about this tonight. thank you. >> thank you. >> switching topics now from the economy and freedom for financial equality for freedom for some of the smartest animals. the non-human rights project filed a habeas corpus suit in an effort to win release from a cage for a 26-year-old chim pans e called tommy. the suit will file for a 26-year-old cheek named kiko and two used in a research lab. the non-human rights project says it plans to file sui
because is the economy dependent going? >> i think the economy would be a lot better if the president would get out of the way and stop trying to help because what he proposes of policies are the problem and i am not basing it on a partisan point because bush got us in with big government. obama is digging us in deeper. why is the media not paying attention? he is giving the same speech, more government, higher taxes, more intervention, more regulation. i guess we ought to have automatic...
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Dec 2, 2013
12/13
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>> we know the economy is not doing great. it's doing tepid growth as we have described for the last few years. what liz is talking about it's interesting because it's a microcosm of the economy. the fed has helped housing. we have this negative psychology that was broken a few years ago. people at the top end are doing better and the housing market is doing better. people at the top end of her companies are spending money. >> the one good thing that you can say for consumers, the one good thing you can say is gas prices have been coming down at the pumps and that helps. do you see that translate? >> it does help the low end consumer. gas prices are a big deal for the low end consumer. i agree with mike that the housing prices and stock market is a much bigger deal for the upper end of the market. >> i guess whether or not those gains that we have seen, whether they can continue for the economy because if you look at stock prices, they're not all that expensive if you think we're at 15 times earnings. if you look at the longer
>> we know the economy is not doing great. it's doing tepid growth as we have described for the last few years. what liz is talking about it's interesting because it's a microcosm of the economy. the fed has helped housing. we have this negative psychology that was broken a few years ago. people at the top end are doing better and the housing market is doing better. people at the top end of her companies are spending money. >> the one good thing that you can say for consumers, the...
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Dec 6, 2013
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economy. it is a member of the g-20. it is one of the leading countries and i know guys have put money into that country who made a lot of money there. >> they're considered one of the fragile five, as we call it. so if we start to see tapering -- right. just like indonesia or india. yes. so that's an issue. >> so either the promise was delivered, but neither the catastrophe that was feared happened in that country when it turned over from white minority rule. >> yeah, no. i mean, i think -- >> it was somewhere in between. >> you're talking to somebody who continued embracing marxist policies -- >> but many people thought the country was going to go all the way down, but that didn't happen. and it didn't happen that -- the social needs versus the free market. >> well, you see, i think he came to learn that it's not about balancing the free market versus social needs, that they often converge. >> he said he had to balance the fears of the white population versus the hopes of the black populatio
economy. it is a member of the g-20. it is one of the leading countries and i know guys have put money into that country who made a lot of money there. >> they're considered one of the fragile five, as we call it. so if we start to see tapering -- right. just like indonesia or india. yes. so that's an issue. >> so either the promise was delivered, but neither the catastrophe that was feared happened in that country when it turned over from white minority rule. >> yeah, no. i...
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Dec 4, 2013
12/13
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global economy is doing better. next spring we'll have the big test on the economy. what do we do in most of 2014 in terms of gdp? are you going to give me somewhere between two and three? >> touching towards three. we've been averaging 2% four years. 3% is not something if you look back all that exciting. coming from where we've been, it's an important shift up. >> we will be able to orchestrate some type of tapering next year which could imply maybe 3% on a ten year. that's not going to hurt the housing recovery and going toco. i look at i as a balance. we get support from improving global, financial conditions bradley improved. i think you're right. higher interest rates go at the ten year level above 3%. that's going to take out of housing. we're seeing it to some degree. it's a balance between that kind of limitation we're getting and an economy with a lot of other reasons to do it better. >> okay. that sounds pretty good. we'll have an economist on if we have a lousy job friday. we'll have someone explaining why everything was bad the last couple of months. doe
global economy is doing better. next spring we'll have the big test on the economy. what do we do in most of 2014 in terms of gdp? are you going to give me somewhere between two and three? >> touching towards three. we've been averaging 2% four years. 3% is not something if you look back all that exciting. coming from where we've been, it's an important shift up. >> we will be able to orchestrate some type of tapering next year which could imply maybe 3% on a ten year. that's not...
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it's a bad economy. 65% of groceries and food stamps due to that. neil: we also relax the standards? >> yes, starting under george bush. as well as president obama. there were a requirements and tests and the like. but that is a recent development. while people are misleading others about when they say that there is not an explosion of food stamps, there's a higher growth rate. what they are saying is rescue the food stamp program for t truly poor. the. neil: we could go back and forth for who is really poo and who is not poor. but you could go beyond food stamps, now you are close to one out of three americs getting assistance. and it makes my head spin. because the direction is that we need to relax the standards or the economy will start to have no choice but to expand this program to the degree we have. it is unaffordable. it is untenable, is not? >> food staps are not expected to be contributing to our long-term death of deficit. neil: the amount of money that we are committing, and the top that we are talking about, you're right about the impr
it's a bad economy. 65% of groceries and food stamps due to that. neil: we also relax the standards? >> yes, starting under george bush. as well as president obama. there were a requirements and tests and the like. but that is a recent development. while people are misleading others about when they say that there is not an explosion of food stamps, there's a higher growth rate. what they are saying is rescue the food stamp program for t truly poor. the. neil: we could go back and forth...
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Dec 6, 2013
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of the economy. we're experiencing asymmetric recovery. the people in the bottom are getting hammered and not getting better. >> my forecast for 2014 remains pretty close to 3%. i think that's where we'll be next year. that's a pretty healthy pace of growth. it's not booming by any stretch of the imagination, but it's a pretty healthy pace. what happens on a quarter to quarter basis? it's hard to predict. because they are volatile. >> if you look over the last two years, most of the expansion has been multiple expansion in the equity markets, so the equity market is looking for revenue growth on the top line basis. and if it sees growth it will make a move higher. top line growth has to drive the next wave in of price appreciation. >> you know, last night, ges ceo said that a 3% growth, a lot of the economy's problems are growth. >> he's watching right now. >> he's watching now. watching now. >> he's probably -- he's probably right. and that's -- we talked about it last night. so half of that gdp was
of the economy. we're experiencing asymmetric recovery. the people in the bottom are getting hammered and not getting better. >> my forecast for 2014 remains pretty close to 3%. i think that's where we'll be next year. that's a pretty healthy pace of growth. it's not booming by any stretch of the imagination, but it's a pretty healthy pace. what happens on a quarter to quarter basis? it's hard to predict. because they are volatile. >> if you look over the last two years, most of the...
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still holds up and we went through a difficult period in our economy but but the actual green economy has done well and i think it's a lesson for the rest of the world not work and we're a good people say look at scandinavian countries not always doing the right thing maybe aren't as a nice example because we're perfect sinners as well but the same time we were able to do it and it worked how does the irish carbon tax work. we did i suppose we're an island and it was fairly simple to introduce it in the sense that you put we put it at the point of entry so as an oil and ship comes into the into the port of cork and the port of dublin are a culture it comes into shannon river we're able to put the tax at the point of entry and that's a big advantage because you cut out the expense of collecting those kind of kind of trick it's true the rest of the economic system so you put it on the oil tanker coming in or you put it on the cologne culture and. and then it applies in in a myriad of different ways it's not a huge tax you know it accounts now for about one percent of our overall tax rev
still holds up and we went through a difficult period in our economy but but the actual green economy has done well and i think it's a lesson for the rest of the world not work and we're a good people say look at scandinavian countries not always doing the right thing maybe aren't as a nice example because we're perfect sinners as well but the same time we were able to do it and it worked how does the irish carbon tax work. we did i suppose we're an island and it was fairly simple to introduce...
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Dec 5, 2013
12/13
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economy and your 401(k), a key checkup shows the economy growing at a quicker pace than expected. you'd that that would send stocks soaring but that's not necessarily the case. zain asher joining us from the new york stock exchange. start with the key economic report that came out today. how much growth are we talking about? >> reporter: third quarter gdp coming in at 3.6%. certainly a good headline number and the biggest growth we've seen since the first quarter of 2012. part of the reason for this is seeing a bigger boost in inventories, bigger buildup in inventorie inventories. you'll see consumer spending is weak. but if you remove inventories from the data, gdp third quarter actually would have come in at 1.9%. not necessarily that impressive. how far, the headline number's getting stronger. if you compare it to what we've seen this year, the first three months of the year, 1.1%, last quarter 2.5%, and also this number is certainly in line with stronger economic reports we've seen just this week from the car industry, and also housing and jobless claims as well. >> very encou
economy and your 401(k), a key checkup shows the economy growing at a quicker pace than expected. you'd that that would send stocks soaring but that's not necessarily the case. zain asher joining us from the new york stock exchange. start with the key economic report that came out today. how much growth are we talking about? >> reporter: third quarter gdp coming in at 3.6%. certainly a good headline number and the biggest growth we've seen since the first quarter of 2012. part of the...
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Dec 4, 2013
12/13
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the other issue, obviously, is the economy. high unemployment, growing disparity in wealth and income in this country. >> vermont senator bernie sanders, great to have you on this morning. thanks for your time. >> thank you. >> absolutely. >>> after the president's speech on the economy this morning, he's going t stop by this afternoon's white house youth summit. the goal is to engage the so-called young invincibles, ages 18 to 35, that the white house is banking on to make obama care a success. joining me is dr. coreyhebert and elizabeth plank, executive social editor at policy mike. it's great to have you both here. elizabeth, in just a few hours policy mike is launching this week-long competition at today's youth summit. tell us about the competition and how you're hoping to engage the conversation about insurance. >> sure. we're really excited to be launching this competition today at the white house. we're going to be inviting millennials from across the country to give their ideas, their proposals and project ideas about
the other issue, obviously, is the economy. high unemployment, growing disparity in wealth and income in this country. >> vermont senator bernie sanders, great to have you on this morning. thanks for your time. >> thank you. >> absolutely. >>> after the president's speech on the economy this morning, he's going t stop by this afternoon's white house youth summit. the goal is to engage the so-called young invincibles, ages 18 to 35, that the white house is banking on...
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economy today at 8:30 a.m. eastern when it was revealed we saw 203,000 jobs added in september. -- november. unemployment rate dropping to five-year low of 7%. that is latest of series of stronger than expected reports on the economy. david: but are today's data strong enough to convince the fed to taper bond buying program before the end evident year? we have payden & regal's senior economist. jeffrey, thanks for coming in. appreciate it. >> hi, david. david: the reason the market was so happy, it wasn't quite good enough to make it a sure thing there would be a taper in the next meeting but again it indicates a strength that may keep that purchasing power going on the part of the consumer, right? >> well, 200,000 jobs, it's dead on the three-month average, david. it's just above the 12-month average. if you look at the three-year average, that is 190,000. so we're right in there. continued moderate growth. that's good but the fed is looking for more than just payroll growth. they want to see inflation stabliz
economy today at 8:30 a.m. eastern when it was revealed we saw 203,000 jobs added in september. -- november. unemployment rate dropping to five-year low of 7%. that is latest of series of stronger than expected reports on the economy. david: but are today's data strong enough to convince the fed to taper bond buying program before the end evident year? we have payden & regal's senior economist. jeffrey, thanks for coming in. appreciate it. >> hi, david. david: the reason the market...
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Dec 9, 2013
12/13
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>> janet yellen is looking at a economy that's recovered a little bit. there's no sign of inflation. on the other hand what they're doing right now is extraordinary. i don't think they really felt comfortable doing these extraordinary things the and they'd like to stop doing them as soon as they can. >> we know in washington the two sides of the aisle have not had many things that they have had in common. it looks like we could get some sort of a small budget deal. if you have murray on one side and paul ryan, the congressman. if the two of them can come up with something, even if it's a small deal, what would that do to economic growth in the first half of next year? >> certainty is never good for the economy. uncertainty driven by policy. it's certainly not good for the economy. i feel quite good that murray and ryan are on this. two serious legislatures. they want to come to a deal. it's not going to be a grand bargain. we're not going to see the fundamental restructuring that we need to see. that can will be kicked down the road as it has been. even
>> janet yellen is looking at a economy that's recovered a little bit. there's no sign of inflation. on the other hand what they're doing right now is extraordinary. i don't think they really felt comfortable doing these extraordinary things the and they'd like to stop doing them as soon as they can. >> we know in washington the two sides of the aisle have not had many things that they have had in common. it looks like we could get some sort of a small budget deal. if you have...
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in the interests of his family of both in terms of his political influence and in terms of the economy and of running a business in ukraine once again i think it's personally and it's full responsibility of all of the political crisis in ukraine that's the person who put the relationship between ukraine and russia into a very dangerous situation and that's the person who put the relationship between ukraine and their opinion into this where the future mass that we can see and so that's that's why going back to the beginning organization most of the ukrainians feel that this man should step down from his present position he's personally responsible for this mess that the country is at the moment while i miss the tank unfortunately out only time will tell whether this is going to happen but we are out of time right now i really appreciate your perspective and to our viewers if you like the show please join us again same place same time here on wall the part. i was thinking somehow i had to come back because mom was waiting for me. i just knew that everything would be fine for some reason
in the interests of his family of both in terms of his political influence and in terms of the economy and of running a business in ukraine once again i think it's personally and it's full responsibility of all of the political crisis in ukraine that's the person who put the relationship between ukraine and russia into a very dangerous situation and that's the person who put the relationship between ukraine and their opinion into this where the future mass that we can see and so that's that's...
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it is credible that the economy is doing better. in that case you are not so worried about the fed making a mistake and tapering toussaint. lou: tapering toussaint, as if we knew what time they should begin their tapered. whatever the decision made by the fed, which meets in the middle of the month, what is it, the 19th? >> i believe the 18th and 19th. lou: whatever decision they make right now, that the move in this one person rally suggests investors are prepared to take their medicine, let them take away the punch bowl, however you want to construct it. >> at this point it may have been discussing tapering for over half a year. the markets have pretty much built in right now. the big issue, are we going to be able to live without so much stimulus. the data suggests that we are. lou: the stimulus and the economy and the markets. as a result of the fed pulling back on cue eat whenever the number may be, what is your judgment on the way that we are going to go into 2014 and now we're going to end up both in the markets and economy?
it is credible that the economy is doing better. in that case you are not so worried about the fed making a mistake and tapering toussaint. lou: tapering toussaint, as if we knew what time they should begin their tapered. whatever the decision made by the fed, which meets in the middle of the month, what is it, the 19th? >> i believe the 18th and 19th. lou: whatever decision they make right now, that the move in this one person rally suggests investors are prepared to take their medicine,...
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the economy isn't dying at all. in fact, there are more and more signs it's thriving under the president's leadership. according to the new monthly jobs report out today, the economy added more than 200,000 jobs in november. and the unemployment rate is down to 7%, lowest level in five years. the president's enemies responded to the news the only way they know how by attacking the affordable care act. well, here's only a sampling of their reactions to the good jobs news. keep in mind, these are statements supposedly about the jobs report. speaker boehner said, we need to protect all americans from the fundamentally flawed health care bill. eric cantor had this to say. quote, stop obama care from reducing hours and eliminating jobs. peter roscom of illinois said we continue to see the lost coverage, cost spikes on the strain of the president's health care law. then there's this sugar plum from tom price of georgia who dug up the old refrain that millions of americans are going to see their policies canceled. it seems
the economy isn't dying at all. in fact, there are more and more signs it's thriving under the president's leadership. according to the new monthly jobs report out today, the economy added more than 200,000 jobs in november. and the unemployment rate is down to 7%, lowest level in five years. the president's enemies responded to the news the only way they know how by attacking the affordable care act. well, here's only a sampling of their reactions to the good jobs news. keep in mind, these are...
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Dec 3, 2013
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the american economy's been through a ton of transitions like this. like 150 years ago, almost everybody worked in agriculture and you had big shifts in and out of industries. so, if the shift is out of retail, the question is what can come next? and you say the future of retail is stuff coming to you, but that's also kind of the future for the sellers. you have sites like etsy where people can market artisanal goods, jewelry and clothing. some of them were selling before, but some of them weren't selling anywhere. it's creating new business opportunities, so i think we need policies aimed at creating new jobs, especially middle-scale jobs that people can go into as these other industries fall away, but in general, these sorts of innovations are a good thing. it's good that it's easier for people to buy and sell things, and in general, in the past, the economy has figured out new things for people to do. >> yes, right, so, there's a thing called the lump of labor fallacy, which is this idea that every time there's a new labor-saving device that no one
the american economy's been through a ton of transitions like this. like 150 years ago, almost everybody worked in agriculture and you had big shifts in and out of industries. so, if the shift is out of retail, the question is what can come next? and you say the future of retail is stuff coming to you, but that's also kind of the future for the sellers. you have sites like etsy where people can market artisanal goods, jewelry and clothing. some of them were selling before, but some of them...
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Dec 5, 2013
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how has their economy done the past 20 years, terrible. that's the obamanomics there. >> what do you think of jim p.'s challenge? >> i think that the issue that you're missing there was really at the heart of his presentation and, again, there's very strong evidence for this, is it's not so much that inequality hurts growth, although there were references of that in terms of financial bubbles. by the way, there's good research that connects the lack of oversight and the financial problems that we had. what he was talking about was a connection between high income inequality, stagnant incomes for the middle class and diminished opportunity, diminished opportunity. that's what you have left out. that's essential because, look, the three of us will all agree that we in america don't push for equal outcomes but we do believe there ought to be some equality of opportunity. when inequality gets too high, opportunity gets squashed. >> that's wrong. i know that's the president's line that income has been stagnated for 40 years. that is, a, complet
how has their economy done the past 20 years, terrible. that's the obamanomics there. >> what do you think of jim p.'s challenge? >> i think that the issue that you're missing there was really at the heart of his presentation and, again, there's very strong evidence for this, is it's not so much that inequality hurts growth, although there were references of that in terms of financial bubbles. by the way, there's good research that connects the lack of oversight and the financial...
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Dec 10, 2013
12/13
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i will take a 5% rate any day in a better economy. cheryl: you don't think they have already gotten in? that's what we've seen. the housing market yourself last two years, your industry has gone gangbusters. you don't think those purchases have already been made? >> oh, no, the pent-up demand is still growing. we've been producing between 700 and 900,000 new homes per year over the last couple years and the average per year for the last three decade is 1.5 million homes. so while our industry was up significantly, over the horrific years of 9 and 10, we're nowhere near close where we should be. there is a lot of pent-up demand that is still growing and there is a lot of room to grow and many, many buyers have not gotten in. so i'm not worried about a small tick in rates. i think we'll be fine. david: it is great so many people buying are doing a lot with cash. you say 30 to 35% cash. i've heard in areas of florida people are like, 50% cash in a lot of those areas of florida but is there a concern there? that is, are banks holding back
i will take a 5% rate any day in a better economy. cheryl: you don't think they have already gotten in? that's what we've seen. the housing market yourself last two years, your industry has gone gangbusters. you don't think those purchases have already been made? >> oh, no, the pent-up demand is still growing. we've been producing between 700 and 900,000 new homes per year over the last couple years and the average per year for the last three decade is 1.5 million homes. so while our...
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Dec 5, 2013
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economy. remember, that is what the chancellor has been talking about in the lead up. that's where we've seen the prime minister and his visit to china press on getting money and capital to the real economy. it may be a physically xhushl budget, but how are they going to sustain the growth we've seen in the past pew months? >> helia, thanks for that. >>> the chancellor is due to stand up and give his speech around 11:15 london time, 12:15 cet. we will cover that, as well. that will lead into the bank of england decision, as well. >>> the japanese cabinet has approved a stimulus package worth $182 billion. we have the story from tokyo. >> hi, ross. this massive package is expected to push up the nation's real gdp by around 1%. government spending is to total around $54 billion. $13 billion or 25% of this will be allocated to help improve competitiveness of japanese industries and to strengthen metropolitan functions ahead of the 2020 tokyo olympics. the rest will be spent on things like reconst
economy. remember, that is what the chancellor has been talking about in the lead up. that's where we've seen the prime minister and his visit to china press on getting money and capital to the real economy. it may be a physically xhushl budget, but how are they going to sustain the growth we've seen in the past pew months? >> helia, thanks for that. >>> the chancellor is due to stand up and give his speech around 11:15 london time, 12:15 cet. we will cover that, as well. that...
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Dec 9, 2013
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the economy. the income equality has been rising and increasing. i think this is a real problem. stagnant wages and income growth is not keeping pace. budget there are federal policies that can address that. i am not the economists i -- ably should not when those on our line for democrats. -- wendell is on the line for democrats. the problem is -- inment has overspent could balance the budget probably in 10 days. our overpaid politicians cannot do that. in the meantime they are sending the jobs overseas. why we do not have any insurance. 's jobs went overseas and we don't have the health insurance to pay for. host: your thoughts he e -- your thoughts? guest: rising health care costs are problem -- are a problem all the way around. we are going through a restructuring of the health care system now with the affordable care act. we are going to have to see how that plays out. your first comment, i agree with it. we have a structural imbalance between what we spend and what we take in. not making the
the economy. the income equality has been rising and increasing. i think this is a real problem. stagnant wages and income growth is not keeping pace. budget there are federal policies that can address that. i am not the economists i -- ably should not when those on our line for democrats. -- wendell is on the line for democrats. the problem is -- inment has overspent could balance the budget probably in 10 days. our overpaid politicians cannot do that. in the meantime they are sending the jobs...
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>> the idea is that it grows when the economy is bad and it contracts when the economy starts to improve. projections are that in the next five years it will go back at the 1996 levels to ensure its economy and the point is to boost wages. neil: one people out of seven people, isn't that bad? >> one person out of seven people is about $23,000 a year getting for food stamps. >> i'm not sure it's one out of seven. but what i hear what melissa is saying. it's a bad economy. 65% of groceries and food stamps due to that. neil: we also relax the standards? >> yes, starting under george bush. as well as president obama. there were a requirements and tests and the like. but that is a recent development. while people are misleading others about when they say that there is not an explosion of food stamps, there's a higher growth rate. what they are saying is rescue the food stamp program for the truly poor. the. neil: we could go back and forth for who is really poor and who is not poor. but you could go beyond food stamps, now you are close to one out of three americans getting assistance. and it
>> the idea is that it grows when the economy is bad and it contracts when the economy starts to improve. projections are that in the next five years it will go back at the 1996 levels to ensure its economy and the point is to boost wages. neil: one people out of seven people, isn't that bad? >> one person out of seven people is about $23,000 a year getting for food stamps. >> i'm not sure it's one out of seven. but what i hear what melissa is saying. it's a bad economy. 65%...
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will soon be the dom and economy in the world and it's a natural link that economies would want to trade and you want and our team has lined up plenty of stories for you on our website including undercover off the night find out what the pope is doing when darkness to say and on the vatican city ontario calm and see for yourself. plus the tip season under way spirits are high in the russian capital in our in motion section there's a video from the heart of moscow where traditional christmas fare and a huge ice rink have opened for the public and. right from the scene. of. the first street. and i would think that you're. on our reporters twitter. and instagram. to be in the know. how britain's outages wires are under fire after the government pledged to cut bills but this comes as little comfort to the fountains of u.k. families stuck below the poverty line and still on able to heat their homes even with the promised help are she says her so he has more. it's that time of year again when temperatures drop and a bill sure as the heating comes on. zero. zero zero zero eight people who are p
will soon be the dom and economy in the world and it's a natural link that economies would want to trade and you want and our team has lined up plenty of stories for you on our website including undercover off the night find out what the pope is doing when darkness to say and on the vatican city ontario calm and see for yourself. plus the tip season under way spirits are high in the russian capital in our in motion section there's a video from the heart of moscow where traditional christmas...
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Dec 5, 2013
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drag on our economy. i think the gdp numbers holly just talked about in terms of what's going to happen first and second quarter of next year, i think that's completely accurate. what's really interesting here, bill, look at what's happening in detroit. now look what's happening in chicago. if this is going to be a model for municipalities and state governments around the country, what is that going to do to wages? what is that going to do to spending? it's going to reduce it. so consumption, u.s. as 70% consumption has got to go down. i don't see a scenario where we have strong gdp growth. as rick santelli says all the time, rational thinking eventually has to come into play. i think we're starting to see that. >> there are, if you look at the corporate sector, we're certainly seeing leverage pick up there. if you look at households, they've largely improved their balance sheet already. we're seeing signs they're taking on credit in areas like autos and understandably student loans as well. if that conti
drag on our economy. i think the gdp numbers holly just talked about in terms of what's going to happen first and second quarter of next year, i think that's completely accurate. what's really interesting here, bill, look at what's happening in detroit. now look what's happening in chicago. if this is going to be a model for municipalities and state governments around the country, what is that going to do to wages? what is that going to do to spending? it's going to reduce it. so consumption,...
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Dec 2, 2013
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both numbers helped by low interest rates and strengthening economy. all is fair in love and war and men's clothing. mens wearhouse offered to buy joseph a. bank, which was trying to take over mens wearhouse. joseph a. bank will evaluate the offer. >> will it be take december to remember for investors or will it be a real turkey? oh, yes the all important holiday shopping season is now under way. what does it mean to your money? joining us now is liz dunn and mike holland of holland and company. thanks for being here today. we have a lot of questions to goat through. mike, every time we turn around there's a new record being set by the major indexes, the nasdaq hitting back to the level it was 13 years ago. what happens in december? does this run continue? >> history as a guide you would say yes. the last 50 years december has been a good month relative to the rest of the year. this year when you have 25% returns in the market, the newton's law tends to stay in motion. you've got good numbers come here from liz in the second and consumer looks to be ok
both numbers helped by low interest rates and strengthening economy. all is fair in love and war and men's clothing. mens wearhouse offered to buy joseph a. bank, which was trying to take over mens wearhouse. joseph a. bank will evaluate the offer. >> will it be take december to remember for investors or will it be a real turkey? oh, yes the all important holiday shopping season is now under way. what does it mean to your money? joining us now is liz dunn and mike holland of holland and...
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Dec 9, 2013
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it does suggest the economy is flat. respondents to this work in retail, restaurants, as well as other sectors that are sensitive to economic trends. many other respondents said that home appliances and cars are really selling well ahead of the consumption tax hike next april. workers at many factories say they are receiving more orders. we also got news on the index for the business outlook. it rose 0.3 points to 54.8. that makes for the third safe monthly rise. this reflects optimistic views for the year end shopping season. the cabinet office also upgraded its economic assessment. it previously said the economy is recovering steady. many respondents do expect demand to rise ahead of the consumption tax hike but some people are already voicing concern consumption could fall after that. >>> on to the markets now, investors around the world encouraged by chinese trade data. they believe export numbers showed a pickup and the upward momentum is somewhat overshadowed of the fed may scale down its asset buying program. lond
it does suggest the economy is flat. respondents to this work in retail, restaurants, as well as other sectors that are sensitive to economic trends. many other respondents said that home appliances and cars are really selling well ahead of the consumption tax hike next april. workers at many factories say they are receiving more orders. we also got news on the index for the business outlook. it rose 0.3 points to 54.8. that makes for the third safe monthly rise. this reflects optimistic views...
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they lose their ability to contribute to the economy. again, all we have to do is look at the mess in europe to see where that path takes us. and what worries me about obama is we are not going to deal with inincome ine quiltty and mobility unless we take the chains of government off of the economy. >> let's take talk about these mixed signs on the disney. consumer confidence is down. but on the other hand, it looks like private sector hiring is up. we have numbers that came out today, fairly positive. on the other hand -- we had home sales going up 25% in october. on the other hand, holiday retail sales have been weak. so, dan, the economy, something or has it really just started to turn around? >> the numbers, it could be a statistical blip, but in general, in general, compared to europe, we are doing okay. we are having two % growth or so averaging out over, you know, several quarters. now, with that being said, we used to have 3% average growth. so we are suffering compared to our normal pattern, and i agree with david, if this was a
they lose their ability to contribute to the economy. again, all we have to do is look at the mess in europe to see where that path takes us. and what worries me about obama is we are not going to deal with inincome ine quiltty and mobility unless we take the chains of government off of the economy. >> let's take talk about these mixed signs on the disney. consumer confidence is down. but on the other hand, it looks like private sector hiring is up. we have numbers that came out today,...
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the economy is doing well. bad news for the economy is good news for stocks because that means we will get more qe. stocks for the next six months are a pretty good upside. historically after we come off of it. like we have been through in 2013 with 25 to 30% gain in equities, the first quarter is five to 10% of appreciation because of the momentum carrying us on. we are pretty safe place here for equities for the first two quarters of next year. dagen: what are people doing with their money? particularly in terms of the fixed income fund. >> we have seen some money go out, particularly relative to stocks, what is interesting as we are still getting money in the money market fund. our taxable money market fund, a whopping 0.01%, the fund is there the all-time highs meeting people are still scared. >> we're still growing, we are seeing big inflows into the floating rate funds, we are committed to sticking out the cycles, so we're not having a problem with flows that the others are. dagen: i wanted to bring up so
the economy is doing well. bad news for the economy is good news for stocks because that means we will get more qe. stocks for the next six months are a pretty good upside. historically after we come off of it. like we have been through in 2013 with 25 to 30% gain in equities, the first quarter is five to 10% of appreciation because of the momentum carrying us on. we are pretty safe place here for equities for the first two quarters of next year. dagen: what are people doing with their money?...
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Dec 10, 2013
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the economy is not good. it may be better than it was a year ago, but it's not good. unemployment is very high. the ability -- there are three applicants for every job. making people more desperate to get jobs, even if it meant that someone was so desperate that he got a job he wouldn't otherwise would have gotten, if you're not increasing the number of jobs, that simply means you're throwing someone else out of work. >> right. congressman jerry nadler, who's been fighting these battles for a while now, thank you so much for joining me. appreciate it. >> thank you. >> joining me now, heda bruche with the washington center for equitable growth, housed at the center for american progress, a progressive think tank. heather, can we start basic here? what is unemployment insurance and why do we have it? >> thanks for asking, chris. that's a great question. unemployment insurance are benefits there when somebody loses their job through no fault of their own. it's benefits that are supposed to help them make ends meet while they search for a new job, and critically, these be
the economy is not good. it may be better than it was a year ago, but it's not good. unemployment is very high. the ability -- there are three applicants for every job. making people more desperate to get jobs, even if it meant that someone was so desperate that he got a job he wouldn't otherwise would have gotten, if you're not increasing the number of jobs, that simply means you're throwing someone else out of work. >> right. congressman jerry nadler, who's been fighting these battles...
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this is a drag on the economy, but it's not out of choice. the long-term unemployed want to be self-reliant. these benefits -- these aren't european-style benefits, where they're permanent. they're without end. and even there people say, i would much rather have a job than permanent benefits. it's just unclear what kind of labor market rand paul is really talking about if he thinks 26 weeks is enough to get a new job in this economy. >> and the only way you can qualify for unemployment benefits is by working. so this notion that it promotes dependency -- and there's basic elements of economics that the rand pauls do not understand about this. let's listen to what president obama said about how unemployment insurance works in this economy. >> unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. just this week, the nonpartisan congressional budget office predicted that allowing benefits
this is a drag on the economy, but it's not out of choice. the long-term unemployed want to be self-reliant. these benefits -- these aren't european-style benefits, where they're permanent. they're without end. and even there people say, i would much rather have a job than permanent benefits. it's just unclear what kind of labor market rand paul is really talking about if he thinks 26 weeks is enough to get a new job in this economy. >> and the only way you can qualify for unemployment...
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Dec 4, 2013
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the automation, the computer indication of our economy. the shift from manufacturing to the service sector. america still makes more than nearly every other economy in the world, but it's made by machines not people. >> globalization hammering the middle class? >> absolutely. it's just as much about automation as globalization. it's often left out of the story. we have not had any new amazing technologies, even though we have cellphones, it it's not as the space. nothing new for the working class. >> is there something new that the president should have said? >> i think a minimum wage increase is an important part of the solution. we think of people who are in it for the summertime or transitioning young people in the labor market, but increasingly we see people in this these jobs as adults in for the long haul. >> wait a minute-- >> that being said--please, go ahead. >> you're going to hear the arguments that you normally hear, it kills jobs, cripples the economy, and causes layoffs. >> we could reason this and have abstract discussions b
the automation, the computer indication of our economy. the shift from manufacturing to the service sector. america still makes more than nearly every other economy in the world, but it's made by machines not people. >> globalization hammering the middle class? >> absolutely. it's just as much about automation as globalization. it's often left out of the story. we have not had any new amazing technologies, even though we have cellphones, it it's not as the space. nothing new for the...
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Dec 9, 2013
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saw thenk everybody andgreement between india other developing economies with respect to developed economies on the agriculture package. this was the so-called g 33 proposal where the developing economies spearheaded by india insisted on basically linking the interim solution for the agriculture package to a permanent solution. this was something that was very difficult for the developed economies to accept. we came to a landing and that was one area of other was when the cubans along with three other countries, nicaragua, bolivia and venezuela, basically were suggesting that some change be made in a very last-minute. this was in the wee hours of saturday, way past the deadline of the meeting. we managed to pull through. on12:30, shortly after noon saturday, we were able to get all 160 countries to agree. i think a lot of this should go to roberto, the director general of the wto who basically showed the patients, the first appearance -- the perseverance to put everybody together. placeas been a very good for lots of agreements to take place. the is probably some of factors. these are some o
saw thenk everybody andgreement between india other developing economies with respect to developed economies on the agriculture package. this was the so-called g 33 proposal where the developing economies spearheaded by india insisted on basically linking the interim solution for the agriculture package to a permanent solution. this was something that was very difficult for the developed economies to accept. we came to a landing and that was one area of other was when the cubans along with...
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will soon be the dom and economy in the world and it's a metro link that economies would want to trade and you want. and our team has lined up plenty of stories for you on our website including on the cover tonight how far will pope francis go to meet the poor while donta r.t. dot com to find out. what's with the season underway spirits are high in the russian capital and our in motion section there is a video from the heart of moscow where a traditional christmas fair and a huge ice rink opened for the public. right to see. first street. and i think the true. on our reporters were very. inspiring. to be in the. now britain's amadou suppliers are under fire after the government pledged to cut bills but this comes as little comfort to the thousands of u.k. families stop below the poverty line and still unable to heat their homes even with a promised help or he says are silly has more. it's that time of year again when temperatures drop and to bill soar as the heating comes on. oh wait people who are protesting saying that it boils out the dam to the choice between eating or heating they
will soon be the dom and economy in the world and it's a metro link that economies would want to trade and you want. and our team has lined up plenty of stories for you on our website including on the cover tonight how far will pope francis go to meet the poor while donta r.t. dot com to find out. what's with the season underway spirits are high in the russian capital and our in motion section there is a video from the heart of moscow where a traditional christmas fair and a huge ice rink...
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if it believes that this economy its market is being threatened by the possibility of fewer european good coming into ukraine and later on. i think that the russia perfectly has the right to act according to its national interests as long as it does not violate the international arrangements. russia has made because first of all we have the framework of the a w t or world trade organization and there were some clear big issues that russia took and including that if there were some problems with the partners inside of w two or there are some instruments to solve that then if you remember in ukraine when ukraine was giving away its nuclear arms there was a special treaty and russia was part of that which clearly said that russia is never going to use economic pressure and some other kinds of pressure to influence their transposition so many people in ukraine clearly please see that russia russia went into the zone which was very close to elation ofis international obligations but the. once again it's not it's not just legal framework i think it's much more about the way this pressure w
if it believes that this economy its market is being threatened by the possibility of fewer european good coming into ukraine and later on. i think that the russia perfectly has the right to act according to its national interests as long as it does not violate the international arrangements. russia has made because first of all we have the framework of the a w t or world trade organization and there were some clear big issues that russia took and including that if there were some problems with...
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coming up i'll speak with one activist who wants to democratize our local economies and most show you how. to get a quote for you. today where it's a story. because this guy like you would save your stead of working for the people most issues the biggest reason we're right on stage. is. we're in the bedroom. i think. everybody. did you know the price is the only industry specifically mention of the constitution in chicago that's because a free and open press is critical to our democracy trade albus. in fact the single biggest threat facing our nation today is the corporate takeover of our government and oppressive like oh we've been a hydrogen why a handful of transnational corporations that will profit by destroying what our founding fathers but once told us my job market and on this show we reveal the big picture of what's actually going on in the world if we go beyond identifying the problem to try to fix rational debate and a real discussion critical issues facing america if i ever feel ready to join the movement then welcome to the big picture. with wealth inequality in america a
coming up i'll speak with one activist who wants to democratize our local economies and most show you how. to get a quote for you. today where it's a story. because this guy like you would save your stead of working for the people most issues the biggest reason we're right on stage. is. we're in the bedroom. i think. everybody. did you know the price is the only industry specifically mention of the constitution in chicago that's because a free and open press is critical to our democracy trade...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report on our. planet there i marinate and this is boom bust and here are some of the stories we're tracking for you today. first up j.p. morgan. nepotism especially in china now that's according to new documents on earth and published in the new york times we're going to tell you all about it coming right up and one of the sexiest metals known to man is behind some of the most criminal behavior in the world has ever seen bold it's a complex thing and the best selling author matthew heart knows a thing or two about it he joins me to discuss his new book aptly titled goals and finally in today's big deal rachel courteous and i talk about the state battle for boeing and i'm not talking about our trade not you won't want to miss it and it all starts right now. our lead story today j.p. morgan the bank is dominating headlines yet again no not this time for paying exorbitant fines to the federal government or for jamie diamond's after our
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report on our. planet there i marinate and this is boom bust and here are some of the stories we're tracking for you today. first up j.p. morgan. nepotism especially in china now that's according to new documents on earth and published in the new york times we're going to tell you all about it coming right up and one of the sexiest metals known...
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find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to kaiser reports on our. system. of a. with wealth inequality in america an all time high and congressional approval ratings are an all time low it's no wonder why people are worried about the future of this country today money not only means power it means political speech and the more wealth of the consolidated at the top the less people feel they have the power to change the system by the wealthy and powerful interests working to get the people all the time there are still plenty of steps we can take right now right here to democratize our local economies here to break down what exactly those depths armed i'm a professor of political economy the university of maryland gar al pair of it thank you so much for coming on alex i already are sorry i'm sorry you're used to research foreign policy and starting with a world war two all the way to vietnam kind of analyzing the u.s. empire crimes what inspired. your switch to domestic economics well
find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to kaiser reports on our. system. of a. with wealth inequality in america an all time high and congressional approval ratings are an all time low it's no wonder why people are worried about the future of this country today money not only means power it means political speech and the more wealth of the consolidated at the top the less people feel they...
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is spending cuts to deal with their ailing economy there's no recovery in sight nor will there be for quite some time recent protests too but assigned it to state with brussels assist with austerity pricing cannot be directly compared because of course of the size of the economies and indeed the population as well go i said with three hundred twenty thousand greece with eleven point three million people process although foreign debt in iceland was six times higher than g.d.p. during the crash greece however after four years of austerity measures designed to reduce greece's public debt has instead continued to grow to one hundred seventy five percent of g.d.p. and the biggest difference of all of course greece has the euro iceland has the freedom of their own currency. one economics professor from iceland told us he believes the country's financial model will stand the test of time within the economic literature there are those who have been proponents of not rescuing banks but rescuing household and let banks collapse so in that respect the icelandic model if we can talk about an icel
is spending cuts to deal with their ailing economy there's no recovery in sight nor will there be for quite some time recent protests too but assigned it to state with brussels assist with austerity pricing cannot be directly compared because of course of the size of the economies and indeed the population as well go i said with three hundred twenty thousand greece with eleven point three million people process although foreign debt in iceland was six times higher than g.d.p. during the crash...
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Dec 10, 2013
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world's third largest economy expanded by just no point three percent between july and september the japanese government had been predicting zero point five percent of business investment slowed more than expected but analysts say the economy is likely to pick up in the coming months the government has already prepared new economic stimulus measures. what german exports of the new all time high in october german company sold more goods abroad in a single mums than ever before will decrease comes largely from going to month agenda for nineteen known uranus in countries like ireland. the good news for countries in the unison is this gem and imports also went up more than full cost in october. systemic this team is bold move from tinnitus. but it checked out the market numbers now and then assume monday's gains here in europe is the trading week got underway and strength as the dax into today top of the course of a cent at ninety one ninety five pace in the picture on the list of fifty up just about set of apis and the new york and trading is to not make a number of police and that doub
world's third largest economy expanded by just no point three percent between july and september the japanese government had been predicting zero point five percent of business investment slowed more than expected but analysts say the economy is likely to pick up in the coming months the government has already prepared new economic stimulus measures. what german exports of the new all time high in october german company sold more goods abroad in a single mums than ever before will decrease...
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iceland's alive and kicking the country's economy has rebounded after the recession which struck hard five years ago with a stage treating its own path to financial well being instead of trying to save its bankrupt banks government let them go to the wall the leadership then decided to reject a last deposit repayment scheme swayed by protesters who said the plan was unfair instead every household in the country will now have twenty four thousand euros written off their mortgage banking executives accused of causing a crisis in the first place are also being pursued by the state professor bob binary economics rodney shakespeare believes that iceland is setting a remarkable example. you must rely on your own national bank for your own use is for your own well economy and for the spreading and if you don't do that you'll be trapped into debt in the same way that what you got greece you've got iceland but you've got every country in the world is being tracked into increasing debt and all that happens is that they increase the levels of the debt and smash the populations down we need to re
iceland's alive and kicking the country's economy has rebounded after the recession which struck hard five years ago with a stage treating its own path to financial well being instead of trying to save its bankrupt banks government let them go to the wall the leadership then decided to reject a last deposit repayment scheme swayed by protesters who said the plan was unfair instead every household in the country will now have twenty four thousand euros written off their mortgage banking...
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you must rely on your own national bank for your own uses for your own will economy for the spreading and if you don't do that you'll be trapped into debt in the same way that what you got greece you've got iceland but you've got every country in the world is being tracked into increasing debt and all that happens is that they increase the levels of the debt and smash the populations down we need to revolt against this global financial system and in its own way iceland is setting a reasonable example thank you iceland. now the international monetary fund is criticizing us lending government's policy saying there's a little space left for additional dad relief measures and by leaving the insolvent banks to fan for themselves the country's already locked down its biggest creditors and her one to two of the biggest the u.k. and germany to gauge opinion. sounds great yeah it was just to get rid of your debt was perfect because then obviously you can spend that money was the real. thing he said he was helpless families just total that so it's a chunk of money that could make a difference w
you must rely on your own national bank for your own uses for your own will economy for the spreading and if you don't do that you'll be trapped into debt in the same way that what you got greece you've got iceland but you've got every country in the world is being tracked into increasing debt and all that happens is that they increase the levels of the debt and smash the populations down we need to revolt against this global financial system and in its own way iceland is setting a reasonable...
SFGTV2: San Francisco Government Television
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Dec 2, 2013
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you have borrowed security and i need to invest in people who create jobs and driving the economy. and people like us enterprises having things around that is important thank you for having us here >> our first kwes question was to draw out comprehensive stories. the next will be very active among our panel. because one of the common arguments we hear outside of san francisco in silicon valley is they take away the american jobs what would you say. think lightning rod. mayor lee how do you respond to critics >> first of all, you've got to look at the real data and the institute is did the studies when you've got the talent with the people of high degrees we want to retain here you'll find with technology jobs there are 4 other local jobs that are sustained. so that says if you keep the talent in america other jobs will come attached to that. that's invaluable in san francisco. and did we get from 9.6 percent in unemployment to 5.2 >> it's because of you're great leadership. >> thank you carl but it's because this fact is very true. along with one job comes others it's valuable to o
you have borrowed security and i need to invest in people who create jobs and driving the economy. and people like us enterprises having things around that is important thank you for having us here >> our first kwes question was to draw out comprehensive stories. the next will be very active among our panel. because one of the common arguments we hear outside of san francisco in silicon valley is they take away the american jobs what would you say. think lightning rod. mayor lee how do...
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Dec 5, 2013
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but the economy is growing. however almost all of the money that's being made is going to the very rich. since 2009 the income of the top 1% grew by 31%. money is being made, but only for about a million and a half people here. yet for everyone else, 99% of the population, their salaries have barely moved in four years, less than 1%. the richest are taking home the most since the 1920s. why? some suggest years of tax cuts for the wealthy, the growth of the finance and technology companies, led to wall street fat cats and techies. computers and robots have taken a lot of the jobs since the 1970s. the minimum wage is $7.25 an hour. president obama has suggested to bump it up to about $10 an hour. one study suggests the minimum wage should be really closer to $22 an hour. overall improvements in the economy are not being felt by most people which concerns the president who worries the american dream of working to a better life may be turning to just that: a dream. >> jonlt, thank you. the struggling economy has som
but the economy is growing. however almost all of the money that's being made is going to the very rich. since 2009 the income of the top 1% grew by 31%. money is being made, but only for about a million and a half people here. yet for everyone else, 99% of the population, their salaries have barely moved in four years, less than 1%. the richest are taking home the most since the 1920s. why? some suggest years of tax cuts for the wealthy, the growth of the finance and technology companies, led...
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Dec 7, 2013
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economy. if you are under 30 -- up next is mike from sun city california. i put this all on barack obama. it is his philip -- it is his philosophy in terms of growing government is causing all this anguish. this is coupled with obamacare, which is a total nightmare. i premium has gone up. this is ridiculous. what is usually created is the new underclass, the educated poor. the man does not care about free enterprise. wants government in charge of everything. it is a different philosophy than a republican would have. that if romney were elected, we would be coming out of this by now. with all this government regulation and the government goes -- the government knows best and comes first, as sky has never worked hard. arrogant,most polarizing, racist president we have ever had. the only people making excuses for him are the morally weak and politically correct liberal white apologists and the plaque -- and the black racists in the name of political correctness. everyone else is realistic enough
economy. if you are under 30 -- up next is mike from sun city california. i put this all on barack obama. it is his philip -- it is his philosophy in terms of growing government is causing all this anguish. this is coupled with obamacare, which is a total nightmare. i premium has gone up. this is ridiculous. what is usually created is the new underclass, the educated poor. the man does not care about free enterprise. wants government in charge of everything. it is a different philosophy than a...
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for thirty years all african and latin american economies have been or unstated towards. reimbursing this debt and this is completely shattered the economies in other words the ones that we have specialized in farming which represents eighty percent of the economy in countries like mali products such as cotton cocoa for export to west african countries. behind that is the neglect of food production and the exposure of these countries to famines and malnutrition and it's no coincidence that today if eighty percent of the world's population who are dying of hunger in fact don't exactly. agriculture with its current production rates could easily feed twelve billion human beings which is almost double the world's population in other words. cannibals is that dictatorship of globalized financial capital has imposed on this planet is both murderous but at the same time. it is a figure speak for themselves i could take. victims of polluted water etc you. see they are asking us today to produce more products for export to make more money especially to pay back the debt so they for
for thirty years all african and latin american economies have been or unstated towards. reimbursing this debt and this is completely shattered the economies in other words the ones that we have specialized in farming which represents eighty percent of the economy in countries like mali products such as cotton cocoa for export to west african countries. behind that is the neglect of food production and the exposure of these countries to famines and malnutrition and it's no coincidence that...
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but germany's economy is doing better. he's going to weigh a few things up. >> this is where at the end of the day, we all know that it's a political will to keep the european project live. to keep that live, we need to see a strong part towards monetary and fiscal union. this has gone far too far for most people's liking. if something coming up in the next 12, 18 months, it's going to be very, very difficult. and unfortunately france being the second biggest economy is potentially going to be -- next year if things don't start improving. >> we saw quite a bit of institutional flow out of the u.s. and into europe. is that the right move? and is that -- what would you favor, european equities over the u.s. or not? >> in the very short-term, we favor the u.s. because momentum is there. that's where the source is and i think you try and stay close to the source of the qe. european markets last week hit a bit on of a speed bump in the road. and the technical momentum picture of the european markets, france in particular, actua
but germany's economy is doing better. he's going to weigh a few things up. >> this is where at the end of the day, we all know that it's a political will to keep the european project live. to keep that live, we need to see a strong part towards monetary and fiscal union. this has gone far too far for most people's liking. if something coming up in the next 12, 18 months, it's going to be very, very difficult. and unfortunately france being the second biggest economy is potentially going...
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economies in the u.s. and u.k. improved. and those were, you know, big leaders. >> woodruff: but maybe it wasn't mont to last. >> maybe it wasn't meant to last but just one political historical note. the united states under ronald reagan's leadership was of no help. no help. ronald reagan had a blind spot. he saw the world through the narrow tunnel prism of anti-communism. and when the united states just outraged by apartheid and where the majority of the republican senate passed sanctions, ronald reagan vetoed them against the apartheid regime. and his veto was overridden in the senate and in the house, overwhelmingly, with, i mean people like john warner, dan quayle, the senator from indiana, john stennis, lock time democratic segregationist from mississippi. all voting to overturn. and it was really a time of moral obtuseness on the part of the leadership. >> mark's absolutely right about that. and it was a blind-- a black mark on the reagan administration. i was in south africa i used to ask people, how much do the sanct
economies in the u.s. and u.k. improved. and those were, you know, big leaders. >> woodruff: but maybe it wasn't mont to last. >> maybe it wasn't meant to last but just one political historical note. the united states under ronald reagan's leadership was of no help. no help. ronald reagan had a blind spot. he saw the world through the narrow tunnel prism of anti-communism. and when the united states just outraged by apartheid and where the majority of the republican senate passed...
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economy adding 203,000 jobs. did you nail that number? if you did, you'll be joining carl next to talk about it. we'll bring you today's nail the number winner when "squawk on the street" continues. [ male announcer ] this december, experience the gift of exacting precision and some of the best offers of the year [ ding! ] at the lexus december to remember sales event. this is the put of perfection. to help secure retirements and protect financial futures. to help communities recover and rebuild. for companies going from garage to global. on the ground, in the air, even into space. we repaid every dollar america lent us. and gave america back a profit. we're here to keep our promises. to help you realize a better tomorrow. from the families of aig, happy holidays. >>> we do have a winner. this month's winner nailed the number on the head, a guess of 203,000. joining us this morning, brad kinegie joins us on the cnbc news line. congratulations. good to have you with us. >> thank you very much. >> part of it is getting the number right, whi
economy adding 203,000 jobs. did you nail that number? if you did, you'll be joining carl next to talk about it. we'll bring you today's nail the number winner when "squawk on the street" continues. [ male announcer ] this december, experience the gift of exacting precision and some of the best offers of the year [ ding! ] at the lexus december to remember sales event. this is the put of perfection. to help secure retirements and protect financial futures. to help communities recover...
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the economy is making a comeback. thanks for joining us. >> straight ahead, from the results of holiday shopping to its origins, how did cyber monday start. why are the 12 days of christmas gifts more expensive. later spacex seemed like the wave of the future. why are they having a hard time getting off the ground? >> today's data dive shops up a storm to find out how much the 12 days of christmas will cost you. if your true love from to give you to you 12 drummers drum, 11 pipers piping and so on, your true love would be broke $27,000 broke. that's up 8% over last year's costs according to the p&c christmas price index. you ask people to look this stuff up. if your true love from to buy. all: the items in -- all the items in august. $115,000 - you'd have to declare bankruptcy. that's way above inflation. over the 30 years the index was calculated it averaged the same as the u.s. inflation rate. what is responsible for the jump in prices? union costs. the eight maids amilking or nine laties dancing are more expensive
the economy is making a comeback. thanks for joining us. >> straight ahead, from the results of holiday shopping to its origins, how did cyber monday start. why are the 12 days of christmas gifts more expensive. later spacex seemed like the wave of the future. why are they having a hard time getting off the ground? >> today's data dive shops up a storm to find out how much the 12 days of christmas will cost you. if your true love from to give you to you 12 drummers drum, 11 pipers...
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the economy added more than 200,000 jobs in november. it's at its lowest point in five years. >>> heavy wind is battering the southwest and it does not seem to be slowing down. sweeping across arkansas and western kentucky, and that rough, rough weather is heading east. in south africa the long good buy to nelson mandela gets under way tuesday. mandela's body will lie instate in the capitol for three days starting wednesday. he will be burredy december 15th after a state funeral. we're in johannesburg, how are people reacting there now? i think i can hear a bit behind you. 24 hours since the news of mandela's death broke around the world. [♪ music ] >> reporter: listen to that. people have been doing this all day, singing and dances, people here are celebrating his life. that's why they've come out in numbers. children who are eight and ten years old are saying we really don't know nelson mandela. we don't know what kind of man he was. but when they come here and see all the support, they say wow, he is a great man. we want to find mor
the economy added more than 200,000 jobs in november. it's at its lowest point in five years. >>> heavy wind is battering the southwest and it does not seem to be slowing down. sweeping across arkansas and western kentucky, and that rough, rough weather is heading east. in south africa the long good buy to nelson mandela gets under way tuesday. mandela's body will lie instate in the capitol for three days starting wednesday. he will be burredy december 15th after a state funeral. we're...
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bush did not have the entire democratic party trying to bring down the economy right now barack obama has got the entire republican party trying to bring down the economy which means that getting it to twenty sixteen is going to be a lot harder than getting it two thousand and eight but the bottom line is when you look back to the phrase great depression was never coined until one nine hundred forty s. when we when when people look back at that era they said you know that really was a decade we're going to look back at this and say this wasn't just two thousand and eight this really was a decade now i want to try to end on a happy note how do you think the u.s. will crawl out of this twenty sixteen great recession that we're now if it's what they want to call it or what for quite a lot of analysis and twenty years from now i don't think they did in one thousand two hundred to that one hundred forty whatever it is how will the u.s. find its way out of it the good news is that every economic every really big economic crash has basically awakened to the people whether it was the crash of
bush did not have the entire democratic party trying to bring down the economy right now barack obama has got the entire republican party trying to bring down the economy which means that getting it to twenty sixteen is going to be a lot harder than getting it two thousand and eight but the bottom line is when you look back to the phrase great depression was never coined until one nine hundred forty s. when we when when people look back at that era they said you know that really was a decade...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses she loves a lot of it's what you love about her. but your erectile dysfunion - that cld be a question of blood fl. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed taet approved to treat ed and symptoms obph, like needing to go frequely or urgently. tell your doctor about all your medical conditions and medications, and ask your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in bloopressure. do not drink alcohol in excess with cialis. side effects may include
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses she loves a lot of it's what you love about her. but your erectile dysfunion - that cld be a question...
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economy. pope francis w very clear. said red crescent? [laughter] he cares about the message of christ's. we have to heed the words of poverty spread first of all, i would like to issue to the opel for issues of god island rather listen to stephen on issues of the economy. [laughter] capitalism has allowed it billion people to do triple for space it, over the past seven years the pope shed cozied up to us. >> i see it you could work as a child of the cold wind. in arkansas with people working two years with their kids is 60,000 but that is on a lot in california just with cost-of-living does not always work is great to raise minimum-wage there is too many variables that point to a clear path but ideally you do not want that of all wages and the recession you want to increase unemployment and you want those of benefits to drive wages down and the value could save that with unemployment benefits but they could never do that to adjust the problem with having a supply of that now is you want peopl
economy. pope francis w very clear. said red crescent? [laughter] he cares about the message of christ's. we have to heed the words of poverty spread first of all, i would like to issue to the opel for issues of god island rather listen to stephen on issues of the economy. [laughter] capitalism has allowed it billion people to do triple for space it, over the past seven years the pope shed cozied up to us. >> i see it you could work as a child of the cold wind. in arkansas with people...
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>> the economy that has really puffed up is the government economy. >> the stock market? >> yeah. and then the stock market. given money to the rich guys which is okay, i guess, if you're one of them, but that's not the general public, right? they've gotten minimum wage jobs. >> ask no savings. >> yeah. and no savings. >> when did you start buying, first of all? >> well, once the deal looked like it wasn't going to happen because doj tried to block it, bonds were down 30 points that day. we jumped in and we've been -- >> because you thought the deal would happen or didn't matter to you? >> yeah, if you looked at the position. we were in the convert. there was a stand alone deal, american was certainly going to be worth a lot more than the valuation at 95. if they got the merger done, then they got cost savings, we thought it would go up from there. looks like the merger is done today. they're trading still at a discount to delta and united. they just get to the market multiple. we see 30% of the stock from here. >> yeah. >> mark, thank you so much for coming in today. >> great. th
>> the economy that has really puffed up is the government economy. >> the stock market? >> yeah. and then the stock market. given money to the rich guys which is okay, i guess, if you're one of them, but that's not the general public, right? they've gotten minimum wage jobs. >> ask no savings. >> yeah. and no savings. >> when did you start buying, first of all? >> well, once the deal looked like it wasn't going to happen because doj tried to block it,...
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japanese economy slows. exclusive interview with the prime minister tells us there is no end to abenomics. good morning, everybody. i am guy johnson.
japanese economy slows. exclusive interview with the prime minister tells us there is no end to abenomics. good morning, everybody. i am guy johnson.
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if it believes that this economy its market is being threatened by the possibility of you in european good coming into ukraine and later on. i think that to russia perfectly says the right to act according to its national interests as long as it does not violate the international arrangements. russia has meant because first of all we have the framework of the a w t. world trade organization and there were some clear big issues that russia took and including that deal there were some problems with the partners inside of w two there are some instruments the sort of them if you remember in ukraine when ukraine was giving away its nuclear arms there was a special treaty and russia was part of that which clearly said that russia is never going to use economic pressure in some other kinds of pressure to influence their transposition so many people in ukraine clearly clear see that russia russia went into the zone which was very close to relation of its international obligations but once again it's not it's not just legal framework i think it's much more about the way this pressure was put o
if it believes that this economy its market is being threatened by the possibility of you in european good coming into ukraine and later on. i think that to russia perfectly says the right to act according to its national interests as long as it does not violate the international arrangements. russia has meant because first of all we have the framework of the a w t. world trade organization and there were some clear big issues that russia took and including that deal there were some problems...
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is not unique to america's market economy across the developed world that inequality has increased some some you may have seen just last week the pope himself spoke. about this at eloquent length how going to be he wrote that it's not a news item when an elderly homeless person does but suppose you are but it is news when the stock market loses two points so what do you think. why why should it be news when the stock market drops two points but the fact that you know forty forty thousand people in the united states every year die from lack of health health care for example adam smith a brilliant economist and minister whose book theory of moral sentiments should be read long before explains in the book the senate moral sentiments ups or another matter what the basis in this book that he wrote on the right or the theory of bill explains that when an earthquake kills ten thousand people in china we don't feel it and we're not as impacted the way we are when one of our neighbors has a break a leg or falls it's just every ality of how humans work that's no indictment on any particular econo
is not unique to america's market economy across the developed world that inequality has increased some some you may have seen just last week the pope himself spoke. about this at eloquent length how going to be he wrote that it's not a news item when an elderly homeless person does but suppose you are but it is news when the stock market loses two points so what do you think. why why should it be news when the stock market drops two points but the fact that you know forty forty thousand people...
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the republicans continue to focus on strengthening the economy for middle class families. that's why we passed nearly 150 bills many of them will help our economy, they are still sitting in the united states senate. so you hear a difference, how republicans approach things and democrats approach things. he also used his time to rail against obama-care, the federal healthcare law, he says that's one of the other priorities that and getting the economy going less so than working on the unemployment benefit issue. >> and torment, the labor department releases the november employment numbers. stick with al jazeera america for full coverage of that important report. some fast food workers are striking in more than 100 cities. they are demanding an increase in the minimum wage, and pushing to make it easier to unionize. many are asking for $15 an hour. that's nearly twice as much as the average worker earned. raising the minimum wage will not hurt jobs. fast food chains already have a wage increase would drive up the prices. that is by far the hirest in the country. tonya mosley
the republicans continue to focus on strengthening the economy for middle class families. that's why we passed nearly 150 bills many of them will help our economy, they are still sitting in the united states senate. so you hear a difference, how republicans approach things and democrats approach things. he also used his time to rail against obama-care, the federal healthcare law, he says that's one of the other priorities that and getting the economy going less so than working on the...
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it's cost the economy severely, it's hurt job creation. as economist mark zandi recently noted as long as lawmakers stay deadlocked over the direction of the federal budget, the economic recovery will not gain momentum. so i'm very hope thankful we can reach a deal that will provide the proaftions committee with a road map for the rest of 2014 and 2015. i've heard from a lot of small businesses in new hampshire that one of the challenges they're currently facing post-government shutdown and certainly for so many small businesses and families they were hurt by that government shutdown which cost the economy about $24 billion and they're now looking at what the potential impact in the future will be from sequestration. those spending cuts have halted federal contracts in many cases for small businesses, they've caused uncertainty that's affecting job creation in hiring, and one of the new hampshire business owners who i met with recently said you hear about why c.e.o.'s are hesitant to hire, well, this is why. this uncertainty around sequest
it's cost the economy severely, it's hurt job creation. as economist mark zandi recently noted as long as lawmakers stay deadlocked over the direction of the federal budget, the economic recovery will not gain momentum. so i'm very hope thankful we can reach a deal that will provide the proaftions committee with a road map for the rest of 2014 and 2015. i've heard from a lot of small businesses in new hampshire that one of the challenges they're currently facing post-government shutdown and...
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Dec 4, 2013
12/13
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CNBC
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economy. he said inequality leaves the average family with less, consumer spending slows while the more concentrated wealth is less likely to result in consumer spending. the problem is inequality today is lower than it was when the economy was much stronger. look at the two biggest spikes over the last 20 years, they both came during economic booms. the first was in '99 and 2000 and then the second spike was in 2006 and 2007 just before the crisis. in fact, the top 1% had more in 2007 when unemployment was only 4.5%, than they do today. this is not to say that inequality is no the a problem and it has been growing since 2009, but even conservatives like rupert murdoch are warning about a, quote, class society and decline in opportunity but inequality driven more by rising stock markets and capital gains by the wealthy than the decline of those in the bottom. it is a byproduct of growth more than a cause of recession. i think too many people are conflating the recession with inequality. >> all
economy. he said inequality leaves the average family with less, consumer spending slows while the more concentrated wealth is less likely to result in consumer spending. the problem is inequality today is lower than it was when the economy was much stronger. look at the two biggest spikes over the last 20 years, they both came during economic booms. the first was in '99 and 2000 and then the second spike was in 2006 and 2007 just before the crisis. in fact, the top 1% had more in 2007 when...
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for thirty years all african and latin american economies have been or unstated towards. reimbursing this debt and this is completely shattered the economies in other words the ones that we have specialized in farming which represents eighty percent of the economy in countries like mali products such as cotton of cocoa for export to west african countries. behind that is the neglect of food production and the exposure of these countries to famines and malnutrition and it's no coincidence that today if eighty percent of the world's population who are dying of hunger in fact has exactly. agriculture with its current production rates could easily feed twelve billion human beings which is almost double the world's population in other words the. cannibal world is that dictatorship of globalized financial capital has imposed on this planet is both murderous but at the same time. the figures speak for themselves i could take. victims of polluted water etc. in the d.r. see they are asking us today to produce more products for export to make more money especially to pay back the d
for thirty years all african and latin american economies have been or unstated towards. reimbursing this debt and this is completely shattered the economies in other words the ones that we have specialized in farming which represents eighty percent of the economy in countries like mali products such as cotton of cocoa for export to west african countries. behind that is the neglect of food production and the exposure of these countries to famines and malnutrition and it's no coincidence that...
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only reality we are reducing these countries to achieve any economic success economy can kong. the most what is structural adjustment. it is really the awareness of the fact that these countries were put in a complete deadlock. it is to say that these countries were in debt but and had an incapacity to continue to function which led to them taking quite drastic and radical measures. with the structural adjustments the following diagnosis was made with the economies acknowledge the deficits and these deficits have to be paid to pay these deficits with cuts in the public spending were necessary. expenses hits were social expenses unfortunately. in doing that we cut spending including social spending and that obviously had a negative effect on health education and social housing report obviously. supersede also this took place at a time when natur was in power in the u.k. and reagan in the us. it was really the law of the markets. and so the economists of the i.m.f. the world bank and in a lot of other countries even bilateral cooperation said allow real prices to rule and all pro
only reality we are reducing these countries to achieve any economic success economy can kong. the most what is structural adjustment. it is really the awareness of the fact that these countries were put in a complete deadlock. it is to say that these countries were in debt but and had an incapacity to continue to function which led to them taking quite drastic and radical measures. with the structural adjustments the following diagnosis was made with the economies acknowledge the deficits and...
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all of the things that we are not doing for our economy. the missing stimulus money, where is all about? the billions and trillions that we are spending on education and not having any effect. in government isn't working. but we don't entrust how to be in a in a new economic society and that scott said, this has been going on for decades. gerri: to your point, income inequality is growing. 1992, the share of income by the top 5% in 2002, comparing and contrasting. that is not a big change. >> i think that the preponderance of evidence is that income is at the top half versus everyone else over the last two decades. whether that's a problem or not, it is completely unclear when you actually read all of the research that is done on it. and the other point i would make is that within the bottom 80%, the vast majority of the american population, income inequality has grown since the 1980s and in a lot of ways, that is the part that maybe we would be worried about. >> let's talk about one thing that has changed. after the 50s and 60s, when we ha
all of the things that we are not doing for our economy. the missing stimulus money, where is all about? the billions and trillions that we are spending on education and not having any effect. in government isn't working. but we don't entrust how to be in a in a new economic society and that scott said, this has been going on for decades. gerri: to your point, income inequality is growing. 1992, the share of income by the top 5% in 2002, comparing and contrasting. that is not a big change....
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Dec 7, 2013
12/13
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FOXNEWSW
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immigration and the economy. the data now raising concerns over what can still be accomplished in his next few years as president. joining us now is our political panel angela mcgrewen, fox knew political analyst, and ronow molono. the president used to enjoy euphoric ratings. now his approval rating is abysmal on all kinds of issues. so ways happening overall? why is this happening? what kind of take do you look at this -- what prism do you look at this through, angela? >> the bottom line is this. are you better off today than you were four years ago? most americans that elected this president yet again, now they're having buyers remorse, because most americans are not better off. if you look at the unemployment rate at 7% but for the black community, last check, it was 13%. the hispanic community has not lowered that much and for women and young adults, if you have a college degree, kelly, most people don't have a job today, so people are looking at this situation and though the president is a great orator, a g
immigration and the economy. the data now raising concerns over what can still be accomplished in his next few years as president. joining us now is our political panel angela mcgrewen, fox knew political analyst, and ronow molono. the president used to enjoy euphoric ratings. now his approval rating is abysmal on all kinds of issues. so ways happening overall? why is this happening? what kind of take do you look at this -- what prism do you look at this through, angela? >> the bottom...
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Dec 6, 2013
12/13
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it's good for their kids. >> it's good for the economy. >> it's good for the economy and the middle class. >> jared, in minimum wage good for the economy? you're the economist of the three of us. >> sure. very much so in the way that randi was just mentioning. obviously if you're in the bottom, say, third of the income scale, the folks who benefit from minimum wage increases, if they get a raise, if their paycheck goes up a bit, sure they're going to spend it and we're a 70% consumption economy. of course it helps in that regard. i wanted to add something to randi's analysis. it's not just that families will get more money and spend it on things they need. what we saw in the 2000s is that they'll spend more money even if they don't have it and they'll do so through credit. and we have had these massive credit bubbles that have proved to be not only unsustainable but deeply damaging when they bust. so when the economy is growing, if all that growth concentrates at the top, president obama spoke about this eloquently this week. not only is it obviously bad for low income people, but it's un
it's good for their kids. >> it's good for the economy. >> it's good for the economy and the middle class. >> jared, in minimum wage good for the economy? you're the economist of the three of us. >> sure. very much so in the way that randi was just mentioning. obviously if you're in the bottom, say, third of the income scale, the folks who benefit from minimum wage increases, if they get a raise, if their paycheck goes up a bit, sure they're going to spend it and we're a...
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Dec 10, 2013
12/13
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KQED
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. >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. congress number negotiators reached an agreement this evening on a budget deal. aides said it is a two year agreement that includes operations to replace automatic spending cuts with savings from future years. it also requires federal workers to contribute more to their pension. among other things. the agreement was worked out by budget committee chairs, democratic senator patty murray and republican congressman paul ryan. heads of state, celebrities and thousands of south africans gathered in johannesburg today to honor the life of nelson mandela. the crowd braved a rainstorm, singing songs and celebrating the life of south africa's first black president. president obama was one of many foreign leaders who made the trip. >
. >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. congress number negotiators reached an agreement this evening on a budget deal. aides said it is a two year...
SFGTV: San Francisco Government Television
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Dec 5, 2013
12/13
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SFGTV
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ins the green collar economy that continues to grow. we want our local workers to have the skills necessary to take part in that e -- emerging industry. we want to ensure local residents are working on local contracts on local projects so we keep money and workflow within san francisco and continue to boost our local economy. i want to thank pat muligan from city build in particular, for all their hard work in the workforce component on that as well. we are confident that san francisco's program can now move forward and be successful. we've seen countless programs up and down the state of california and nationwide operates successfully now for years with no threat of it being shut down, we want to protect property owners and give them the comfort they need to part pate. our governor jerry brown passed in his budget reserve funds that will address sfha concerns and make sure that they are not impacted by pace impacts mere in san francisco, we will be participate ining the state reserve fund so that our property owners are fully perked. g
ins the green collar economy that continues to grow. we want our local workers to have the skills necessary to take part in that e -- emerging industry. we want to ensure local residents are working on local contracts on local projects so we keep money and workflow within san francisco and continue to boost our local economy. i want to thank pat muligan from city build in particular, for all their hard work in the workforce component on that as well. we are confident that san francisco's...
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Dec 6, 2013
12/13
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BLOOMBERG
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economy. they're 70% of g.d.p. isstronger employment news good. >> do you think that this is going to stick? theory?d is good >> good is good whether it sticks in market is to be seen. we've seen a pickup between stock and bond correlation. earlier in the year we were moving up on stronger trend assumptions. the treasury market was selling off. and stocks could sail through it. recently we have seen a correlation pick up where markets seem to be being fueled expectations and the hope for easy money. so i think you have to look at the week as a whole. up stock market did not go much this week. we had great news all through the week on the macro economic front. not as convincing as other data points like the third quarter g.d.p. >> 3.6 growth isn't convincing? that sounds good. >> the piece that was inventory contribution. very happy with the way the economy is proceeding. i expect it to accelerate from 2% closer to 3% in the coming year. that's negative for treasuries. stocks.itive for but we've got to shake off thi
economy. they're 70% of g.d.p. isstronger employment news good. >> do you think that this is going to stick? theory?d is good >> good is good whether it sticks in market is to be seen. we've seen a pickup between stock and bond correlation. earlier in the year we were moving up on stronger trend assumptions. the treasury market was selling off. and stocks could sail through it. recently we have seen a correlation pick up where markets seem to be being fueled expectations and the...
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>> the economy is certainly doing better. the lead indicators, manufacturing, some of the retail numbers have certainly improved since we last talked. employment numbers are eight bit better. still not great, but it is better. the lagging one is the inflation. i think things have improved enough that maybe the injured forward enough. i suspect a very legitimate debate to move at the december meeting. so it is coming in the next few months. connell: let me go back there one more time. you talk about the fact valuations in several areas were stretched now here we are 16,035 or thereabouts). now the economy is picking up, the market still above 16,000 the pullback with friday's big again. what about the valuations as you see them today? >> they were the triple digit nasdaq companies, some of which are still fairly expensive. the market overall i don't think you can power the table and say it is cheap anymore, but it is not expensive relative to my other choices. so dependent on the u.s. and global economy that does somewhat bett
>> the economy is certainly doing better. the lead indicators, manufacturing, some of the retail numbers have certainly improved since we last talked. employment numbers are eight bit better. still not great, but it is better. the lagging one is the inflation. i think things have improved enough that maybe the injured forward enough. i suspect a very legitimate debate to move at the december meeting. so it is coming in the next few months. connell: let me go back there one more time. you...
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Dec 4, 2013
12/13
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KCSM
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divisions in ukraine become more visible with economies make it clear that not as eager to move closer to taking it as the crowds on the streets of kiev. some eu states struggle under the of a start he would tell police that his decision to forgive people's debt is paid off . i know it from cities and rules can reach it this is auntie international the editor of britain's got the news papers relating to find flat out denying his paper a detailed response publishing revelations about the scale of global cement used to grill by parliament the committee which question of whether the paper is undermining national security zone sez center of the report it did get quite heated. well what the herring it was a lively at times that don't quite have the hang of it i think it's bad to say that this is the guiding the free press managing alonso who plays questions that at some of the questions i think london and raise some eyebrows secondly we had at one point an anti off i'm a three g d that you love your country now that will send me any question that is getting to be raising eyebrows we all say
divisions in ukraine become more visible with economies make it clear that not as eager to move closer to taking it as the crowds on the streets of kiev. some eu states struggle under the of a start he would tell police that his decision to forgive people's debt is paid off . i know it from cities and rules can reach it this is auntie international the editor of britain's got the news papers relating to find flat out denying his paper a detailed response publishing revelations about the scale...
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Dec 2, 2013
12/13
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KCSM
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and then when the old economy the collapsed. all the family ties have been cut down. cut off. the prison. made in the decision. he interviews the cause of currency. our role in class. and it was also it through step by step and all the other major reforms. in the field of education in the field though it kills them. in the field of economic development everything every step every major decision is a link to his neck. this is absolutely absolute truth. that's why the whole world has recognized the role of the fist raised in a contest on. on. the if we talk on the same weekend so for all us. what made him miss a minute decisions made achievements of commerce on tuesday ripley the day i on the line and closely related to the lesson of the best the soul and told viewers that the policy compliance as i come to with a mechanical man of affairs in this conference. absolutely and. the it wasn't an easy task for the mall the old economy says economic system was absolutely quite different. and in those days for trouble. none of us knew what his mark at the corner see we have no we have
and then when the old economy the collapsed. all the family ties have been cut down. cut off. the prison. made in the decision. he interviews the cause of currency. our role in class. and it was also it through step by step and all the other major reforms. in the field of education in the field though it kills them. in the field of economic development everything every step every major decision is a link to his neck. this is absolutely absolute truth. that's why the whole world has recognized...
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has dwindled to the lowest levels since the great depression low interest rates a sluggish economy and heightened regulations have all taken their toll on the banking sector now the decline in banking numbers has come entirely in the form of big exiting banks with less than one hundred million dollars in assets left on their books and the bulk of those departures occurred between one thousand nine hundred four and two thousand and eleven now f.d.i.c data shows that more than ten thousand banks left the industry during this period as the result of mergers and consolidations while about seventeen percent of the banks collapse all together now the number of federally insured institutions nationwide shrank to six thousand eight hundred ninety one in the third quarter now that's falling below the seven thousand number that it was for the first time since the federal regulation began keeping track in one nine hundred thirty four it's a long time now the number of physical bank branches in the u.s. is also shrinking from the end of two thousand and nine through june thirtieth of this year the
has dwindled to the lowest levels since the great depression low interest rates a sluggish economy and heightened regulations have all taken their toll on the banking sector now the decline in banking numbers has come entirely in the form of big exiting banks with less than one hundred million dollars in assets left on their books and the bulk of those departures occurred between one thousand nine hundred four and two thousand and eleven now f.d.i.c data shows that more than ten thousand banks...
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Dec 7, 2013
12/13
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MSNBCW
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our economy is improveth. we have double our production of clean energy, doubled our production of traditional energy sources. we are on the brink of being energy independent as a country our size to be. we have the best researchers, scientists on earth, and the most innovative companies on earth. we're still the envy of the world. i continue to have great confidence in our capacity. this city washington is grid locked and spends too much time worried about the next election and not enough worried about the next generation. what jack kennedy understood as well. that's the american people. we go through these periods where our politics gets all balanced up. the truth is sometimes we're nostalgic about the past. >> i am. >> i know you are. if over and over again they see they are not addressing the core problems we have, eventually they will put in place folks who are serious about getting the work done. >> let's talk about the problem with the legislative branch. the nature of america is an aisle down the cente
our economy is improveth. we have double our production of clean energy, doubled our production of traditional energy sources. we are on the brink of being energy independent as a country our size to be. we have the best researchers, scientists on earth, and the most innovative companies on earth. we're still the envy of the world. i continue to have great confidence in our capacity. this city washington is grid locked and spends too much time worried about the next election and not enough...
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Dec 7, 2013
12/13
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ALJAZAM
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it will provide a lifeline for a battled ukrainian economy. and a political lifeline for the battled yo ukrainian president. >> trade between china and europe has to travel all of europe. but when it support constructed. ships will be able to go straight to the black sea. that means travel for trade is will be 6,000 kilometers shorter. >> it has been building a profitable business exporting steel and grain providing vital jobs. they've been battling the wind of recession in their world markets and at home. but their special directer is up >> we believe the investment in the port is necessary to match the overall positive trend in these sectors. >> president yanukovych has brought home an important prize which could stop the support in the traditional heartland of his party, and it sends an important message to the european union and moscow, that they are not the only players. >> people around the world are continue to go celebrate the life of former president nelson mandela. this is the scene where he used to live. mourners have been bringing
it will provide a lifeline for a battled ukrainian economy. and a political lifeline for the battled yo ukrainian president. >> trade between china and europe has to travel all of europe. but when it support constructed. ships will be able to go straight to the black sea. that means travel for trade is will be 6,000 kilometers shorter. >> it has been building a profitable business exporting steel and grain providing vital jobs. they've been battling the wind of recession in their...
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Dec 6, 2013
12/13
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CSPAN
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five years later, our economy has steadily grown. this is have created nearly a million jobs over the past 44 months. our housing market is recovering. and our financial system is stronger and once again an engine for economic growth. a lot of progress has been made and one of the main drivers has been extensive work of agencies and regulators to repair a badly damaged financial system. as regulators complete the remaining core element of wall street reform, there are four things we need to keep in mind. first, the rules of the road must be effective and designed to address the modern financial markets. second, we must make sure that regulators have the resources necessary to get the job done and that they are held accountable. third, other countries need comparably strong standards and mechanisms to address risks that reach across borders. and finally, we must remain vigilant to potential new threats constantly monitoring the way risks change and evolve and pursuing reforms to reduce risks stemming from both traditional banking and
five years later, our economy has steadily grown. this is have created nearly a million jobs over the past 44 months. our housing market is recovering. and our financial system is stronger and once again an engine for economic growth. a lot of progress has been made and one of the main drivers has been extensive work of agencies and regulators to repair a badly damaged financial system. as regulators complete the remaining core element of wall street reform, there are four things we need to...
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Dec 6, 2013
12/13
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CNNW
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economy is getting stronger and traders want in on that. i have been downstairs talking to traders all day. here's what they're telling me. they are telling me they finally accepted the fact that tapering is inevitable, they know it will happen, but don't expect it will happen for a good few months. here's why. yes, we got a strong jobs report. however, consumer spending is still problematic. they don't expect fourth quarter gdp to be particularly strong and they don't expect tapering to really begin until budget negotiations are firmly in the rear view mirror. they want to see certainty on capitol hill, of course. but also, they want to see consistency. you know, it's fine if you have one or two months of 200,000 job gains but you want to see consistency. i think the main focus for everyone downstairs was the unemployment rate. that coming as low as 7%, the fed has said they want to see it at 6.5%. it's going to be interesting to see whether the rally continues or whether we will start to see profit taking in the next couple weeks. >> zain
economy is getting stronger and traders want in on that. i have been downstairs talking to traders all day. here's what they're telling me. they are telling me they finally accepted the fact that tapering is inevitable, they know it will happen, but don't expect it will happen for a good few months. here's why. yes, we got a strong jobs report. however, consumer spending is still problematic. they don't expect fourth quarter gdp to be particularly strong and they don't expect tapering to really...
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Dec 6, 2013
12/13
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ALJAZAM
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the economy added 203,000 jobs in november lowering the unemployment rate to 7%. labor secretary says the numbers indicate the economic recovery is gaining strength. >> we have now had 45 consecutive months of private sector job growth to the tune of 8 million plus jobs. roorp while the numbers are encouraging, analysts say we still have a long way to go? >> to get to full employment we estimate the economy is going to have to create between 200 and 225,000 jobs per month for the next couple of years. >> reporter: but that may be difficult to achieve. the recovery is still on shaky ground with small businesses sees a slowdown in sales for the year. that is significant, because those businesses create about two-thirds of new jobs. ly hard hit has been the retail sector. despite slashing prices and opening their doors thanksgiving day, retailers posted disappointing sales in november. >>no carrierringringno carrierr0 [ technical difficulties ] >> trying to get a flight, because most of their flights were canceled. 330 fights from airlines out of dfw have canceled to
the economy added 203,000 jobs in november lowering the unemployment rate to 7%. labor secretary says the numbers indicate the economic recovery is gaining strength. >> we have now had 45 consecutive months of private sector job growth to the tune of 8 million plus jobs. roorp while the numbers are encouraging, analysts say we still have a long way to go? >> to get to full employment we estimate the economy is going to have to create between 200 and 225,000 jobs per month for the...
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Dec 7, 2013
12/13
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MSNBCW
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it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans are focusing on obama care. >> families who work hard and play by the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans and let you keep the plan you like. these proposals are among the dozens of jobs bill awaiting action in the democratic-run senate. >>> good news on the jobs front. 203,000 jobs were added in november, and the unemployment rate dropped to a five-year low of 7%. kristen welker, good saturday morning to you. what's the white house's take on the latest numbers? >> alex, good morning to you. the white house certainly touting the fact that the unemployment rate at its lowest level in five years. also highlighting the fact that a lot of this job gr
it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans are focusing on obama care. >> families who work hard and play by the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans...
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has dwindled to the lowest levels since the great depression low interest rates a sluggish economy and regulations have all taken their toll on the banking sector now the decline in banking numbers has come entirely in the form of big exiting banks with less than one hundred million dollars in assets left on their books and the bulk of those departures occurred between one thousand nine hundred four and two thousand and eleven now f.d.i.c data shows that more than ten thousand banks left the industry during this period as the result of mergers and consolidations while about seventeen percent of the banks collapsed all together now the number of federally insured institutions nationwide shrank to six thousand eight hundred ninety one in the third quarter now that's falling below the seven thousand number that it was for the first time since the federal regulation began keeping track in one nine hundred thirty four it's a long time now the number of physical bank branches in the u.s. is also shrinking from the end of two thousand and nine through june thirtieth of this year the total num
has dwindled to the lowest levels since the great depression low interest rates a sluggish economy and regulations have all taken their toll on the banking sector now the decline in banking numbers has come entirely in the form of big exiting banks with less than one hundred million dollars in assets left on their books and the bulk of those departures occurred between one thousand nine hundred four and two thousand and eleven now f.d.i.c data shows that more than ten thousand banks left the...
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Dec 10, 2013
12/13
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CNNW
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do you think that boosts the economy? >> i think one of the biggest problems that we faced, certainly coming out of the worst recession of our lifetimes but it really predates that through all of the 2000s you had median family income. just the family right in the middle falling $2,000 over the course of what was supposed to be the boom and then the second blow to them was a terrible recession. so, the hollowing out of the middle class and the fact that ordinary people like the people on the segment or, you know, millions of people around the country not being able to keep up is a big mac roeconomic problem. more than just a microproblem facing their families. the fact that the number one biggest problem facing small business in the country by their own admission is that people can't afford to buy their products. i think we got to confront that. if we don't start rebuilding the income growth coming from the middle, we don't have a sustainable growth model. >> we'll talk solutions in just a moment here. but i want you to s
do you think that boosts the economy? >> i think one of the biggest problems that we faced, certainly coming out of the worst recession of our lifetimes but it really predates that through all of the 2000s you had median family income. just the family right in the middle falling $2,000 over the course of what was supposed to be the boom and then the second blow to them was a terrible recession. so, the hollowing out of the middle class and the fact that ordinary people like the people on...